MENA Polyethylene Terephthalate (PET) Resin Market 2031

Segments - Middle East and Africa Polyethylene Terephthalate (PET) Resin Market by Types (Bottles, Films & Sheets, and Others), Applications (Food & Beverage, Automotive, Electrical & Electronics, Healthcare, Consumer Goods, and Others), and Geography (Saudi Arabia, South Africa, United Arab Emirates, Qatar, and Rest of Middle-East and Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031.

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

The Middle East and Africa polyethylene terephthalate (PET) resin market size was valued at USD XX billion in 2022 and is likely to reach USD XX billion by 2031, expanding at a CAGR of 4.5% during 2023 – 2031. Growth of the market is attributed to rising demand for product recycling.

MENA Polyethylene Terephthalate (PET) Resin Market Outlook

Polyethylene terephthalate also known as PET, PETE, or the obsolete PETP or PET-P, is the most common thermoplastic polymer resin of the polyester family and is used in clothing fibers, containers for liquids & foods, thermoforming for manufacturing, and engineering resins in combination with glass fiber. The majority of the world's PET production (more than 60%) is of synthetic fibers, with bottle production accounting for about 30% of global demand.

PET is commonly referred by its common name, polyester, in the context of textile applications, whereas the acronym PET is commonly used in the context of packaging. Polyester accounts for approximately 18% of global polymer production and is the fourth most abundant polymer after polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC). PET is widely recycled, and its resin identification code is "1." (RIC). Polyethylene terephthalate can exist as an amorphous (transparent) or semi-crystalline polymer depending on its processing and thermal history.

Market Trends, Drivers, Restraints, and Opportunities

Increasing usage of bio based PET goods is anticipated to boost the market.
Rising demand for product recycling has fueled the market.
High labor cost and taxes are expected to hinder the market growth.
Development of bio-based PET product is anticipated to create immense opportunities for the market players.

Scope of the Report

The report on the Middle East and Africa polyethylene terephthalate (PET) resin market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Middle-East and Africa Polyethylene Terephthalate (PET) Resin Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Bottles, Films & Sheets, and Other Product Types
Geographical Scope	Saudi Arabia, South Africa, United Arab Emirates, Qatar, and Rest of Middle-East and Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	SABIC, Indorama Ventures Public Company Limited, Equate Petrochemical Company, and BASF SE

Market Segment Insights:

The bottles segment is projected to expand at a rapid pace

Based on types, the Middle-East and Africa polyethylene terephthalate (PET) resin market is segregated into bottles, films & sheets, and others. The bottles segment is projected to hold major market share. Plastic bottles are made of high-density or low-density plastic. Bottle sizes range from tiny to large carboys.

MENA Polyethylene Terephthalate (PET) Resin Market Types

The food and beverage segment is anticipated to expand during the forecast period

On the basis of applications, the Middle-East and Africa polyethylene terephthalate (PET) resin market is segregated into food & beverage, automotive, electrical & electronics, healthcare, consumer goods, and others. The food & beverages segment is projected to expand at a rapid pace during forecast period. PET is a plastic material that is increasingly being used for packaging in the food and beverage industries. PET has largely replaced glass in food packaging sector due to its light weight, ease of transport, and shatterproof properties. PET is a strong, inert material that does not react with food. Bottled water, milk, juice, and carbonated drink bottles, ketchup, jars for butter, mayonnaise, pickles, jam, and other condiments, sandwich boxes, tubs and food containers are common applications of PET in the food and beverage industry.

MENA Polyethylene Terephthalate (PET) Resin Market Application

The market in Saudi Arabia is projected to hold a major market share

In terms of geography, the Middle-East and Africa polyethylene terephthalate (PET) resin market is classified as Saudi Arabia, South Africa, United Arab Emirates, Qatar, and Rest of Middle-East and Africa. Saudi Arabia is estimated to dominate the market. As an oil-producing economy, the country's interest in other industries was limited from the start. However, with the rise of non-OPEC countries around the world, and high volatility of crude oil prices, Saudi Arabia decided to expand its portfolio to help the economy grow more steadily.

However, in order to make it a diversified economy that is not dependent on oil the government is reforming economic policies in its 10th development plan, with investments in various sectors, and is attempting to attract private investment in the country. In the last ten years, the Saudi food manufacturing and processing sector has expanded rapidly. The increasing healthcare expenditure in the country, along with the privatization of several public hospitals, is expected to drive the demand for healthcare equipment in the country.

MENA Polyethylene Terephthalate (PET) Resin Market Region

Segments

Types

Bottles
Films & Sheets
Others

Applications

Food & Beverage
Automotive
Electrical & Electronics
Healthcare
Consumer Goods
Others

Geography

Saudi Arabia
South Africa
United Arab Emirates
Qatar
Rest of Middle-East and Africa

Key Players

SABIC
Indorama Ventures Public Company Limited
Equate Petrochemical Company
BASF SE

Competitive Landscape

The major players in the residential Middle-East and Africa polyethylene terephthalate (PET) resin market include SABIC, Indorama Ventures Public Company Limited, Equate Petrochemical Company, and BASF SE.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

MENA Polyethylene Terephthalate (PET) Resin Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyethylene Terephthalate (PET) Resin Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Polyethylene Terephthalate (PET) Resin Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Polyethylene Terephthalate (PET) Resin Market - Supply Chain
  4.5. Global Polyethylene Terephthalate (PET) Resin Market Forecast
     4.5.1. Polyethylene Terephthalate (PET) Resin Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Polyethylene Terephthalate (PET) Resin Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Polyethylene Terephthalate (PET) Resin Market Absolute $ Opportunity
5. Global Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Types
     5.3.1. Bottles
     5.3.2. Films & Sheets
     5.3.3. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Applications
     6.3.1. Food & Beverage
     6.3.2. Automotive
     6.3.3. Electrical & Electronics
     6.3.4. Healthcare
     6.3.5. Consumer Goods
     6.3.6. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
8. North America Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Types
     8.4.1. Bottles
     8.4.2. Films & Sheets
     8.4.3. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Applications
     8.7.1. Food & Beverage
     8.7.2. Automotive
     8.7.3. Electrical & Electronics
     8.7.4. Healthcare
     8.7.5. Consumer Goods
     8.7.6. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
9. Latin America Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Types
     9.4.1. Bottles
     9.4.2. Films & Sheets
     9.4.3. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Applications
     9.7.1. Food & Beverage
     9.7.2. Automotive
     9.7.3. Electrical & Electronics
     9.7.4. Healthcare
     9.7.5. Consumer Goods
     9.7.6. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
10. Europe Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Types
     10.4.1. Bottles
     10.4.2. Films & Sheets
     10.4.3. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Applications
     10.7.1. Food & Beverage
     10.7.2. Automotive
     10.7.3. Electrical & Electronics
     10.7.4. Healthcare
     10.7.5. Consumer Goods
     10.7.6. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
11. Asia Pacific Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Types
     11.4.1. Bottles
     11.4.2. Films & Sheets
     11.4.3. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Applications
     11.7.1. Food & Beverage
     11.7.2. Automotive
     11.7.3. Electrical & Electronics
     11.7.4. Healthcare
     11.7.5. Consumer Goods
     11.7.6. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
12. Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Types
     12.4.1. Bottles
     12.4.2. Films & Sheets
     12.4.3. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size and Volume Forecast by Applications
     12.7.1. Food & Beverage
     12.7.2. Automotive
     12.7.3. Electrical & Electronics
     12.7.4. Healthcare
     12.7.5. Consumer Goods
     12.7.6. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Polyethylene Terephthalate (PET) Resin Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Polyethylene Terephthalate (PET) Resin Market: Market Share Analysis
  13.2. Polyethylene Terephthalate (PET) Resin Distributors and Customers
  13.3. Polyethylene Terephthalate (PET) Resin Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. SABIC
     13.4.2. Indorama Ventures Public Company Limited
     13.4.3. Equate Petrochemical Company
     13.4.4. BASF SE